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Creditors Consider Moves
To Defer SK Global Debt

By

Hae Won ChoiStaff Reporter of The Wall Street Journal

Updated March 13, 2003 1:40 a.m. ET

SEOUL, South Korea -- Creditors of SK Global Co. say they will consider whether to step in and restructure the trading unit of South Korea's fourth-largest conglomerate, as an alleged multibillion-dollar accounting scandal at the company reverberated through the country's financial markets.

Hana Bank, SK Global's main creditor, said the bank and representatives of SK Global's nine other domestic lenders would meet Wednesday to discuss, among other matters, whether to extend a three-month debt deferral for SK Global while they...